Michael Palm Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 9 grants totaling $70K. Net investment income was $23K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-9.5% YoY
Annual Giving
$70K
+64.7% YoY
Grant Count
9
+50.0% YoY
Avg Grant Size
$8K
+9.8% YoY
Under IRS private-foundation payout rules, Michael Palm Foundation reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael Palm Foundation
Based on IRS filings
Michael Palm Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 9 grants totaling $70K. Net investment income was $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,132,008 | $1,251,064 | $1,272,826 |
| Revenue | $-31,332 | $37,136 | $49,653 |
| Expenses | $87,724 | $58,718 | $61,972 |
| Qualifying Distributions | $74,714 | $46,837 | $47,622 |
| Net Investment Income | $23,339 | $25,255 | $37,281 |
| Distributable Amount | $53,053 | $51,555 | $53,338 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Reading Education Foundation ($20,000), Foundation for Reading Area Community College ($10,000), Michael Palm Theatre ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FOUNDATION FOR READING AREA COMMUNITY COLLEGE READING, PA | CHARITABLE | $10,000 |
| GOOGLE WORKS CENTER FOR THE ARTS READING, PA | CHARITABLE | $2,500 |
| MICHAEL PALM THEATRE TELLURIDE, CO | CHARITABLE | $10,000 |
| PRIDE AT JEFFERSON CENTER WHEAT RIDGE, CO | CHARITABLE | $10,000 |
| READING EDUCATION FOUNDATION READING, PA | CHARITABLE | $20,000 |
| READING SCHOOL DISTRICT KNIGHT'S CLOSET READING, PA | CHARITABLE | $2,500 |
| SPACE ON RYDER FARM BREWSTER, NY | CHARITABLE | $5,000 |
| SPRING GARDEN CIVIC ASSOCIATION PHILADEPHIA, PA | CHARITABLE | $5,000 |
| TELLURIDE AIDS BENEFIT TELLURIDE, CO | CHARITABLE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER A JAMULA | DIRECTOR/SECRETARY | 2 | — |
| BRAD M JAMULA | DIRECTOR/TREASURER | 2 | — |
| M MELISSA JAMULA | PRES/CHAIRPERSON | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael Palm Foundation?
Michael Palm Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $1.1M in total assets as of 2024.
How large is Michael Palm Foundation?
As of 2024, Michael Palm Foundation holds $1.1M in total assets with $-31,332 in annual revenue. It awarded 9 grants totaling $70K in 2024.
Where does Michael Palm Foundation operate?
Michael Palm Foundation has awarded grants in Colorado, Massachusetts, North Carolina, New York, Pennsylvania.
What size grants does Michael Palm Foundation award?
In 2024, Michael Palm Foundation awarded 9 grants totaling $70K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Michael Palm Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael Palm Foundation reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael Palm Foundation's EIN?
Michael Palm Foundation's EIN (Employer Identification Number) is 13-3745516. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Michael Palm Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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